Paget Leonard Alves Sells 6,309 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $136.19, for a total transaction of $859,222.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Yum! Brands Trading Down 0.2 %

Shares of NYSE:YUM opened at $135.91 on Wednesday. The company has a market cap of $38.26 billion, a PE ratio of 24.10, a P/E/G ratio of 2.14 and a beta of 1.07. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The company’s 50 day moving average is $138.11 and its two-hundred day moving average is $131.92.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $1.06 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that Yum! Brands, Inc. will post 5.67 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YUM shares. JPMorgan Chase & Co. decreased their target price on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Royal Bank of Canada decreased their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. Argus restated a “hold” rating on shares of Yum! Brands in a report on Wednesday, April 10th. BMO Capital Markets upped their price objective on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, Barclays upped their price objective on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $143.53.

Hedge Funds Weigh In On Yum! Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of YUM. Naples Money Management LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at about $26,000. Bfsg LLC acquired a new position in shares of Yum! Brands during the 4th quarter worth $26,000. Ruedi Wealth Management Inc. increased its holdings in shares of Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in shares of Yum! Brands in the 4th quarter valued at about $27,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.